Patria Investments Limited announced an agreement for the full divestment of Centro de Imagem Diagnosticos S.A.(“Alliar”), a Brazil-based provider of healthcare services, to businessman Nelson Tanure. The Transaction encompasses the sale of 25,012,323 common shares of Alliar, which corresponds to the total interest held by Patria.
(Yahoo) – Patria Investments Limited, or “Patria” (PAX: NASDAQ), through its managed investment funds, announces an agreement for the full divestment of Centro de Imagem Diagnosticos S.A. (“Alliar” or the “Company”) by means of a private sale (“Transaction”).
The Transaction encompasses the sale of 25,012,323 common shares of the Company, which corresponds to the total interest in the Company held by Patria’s Private Equity Fund III and its related vehicles, and is subject to the termination of the Shareholders’ Agreement disclosed to the market through a Material Fact dated August 12, 2021, as well as to the antitrust agency approval, and other conditions usual to such type of transaction.
The sale of Alliar represents a major step towards completing the divestment process of Private Equity Fund III, a 2007 vintage fund which has generated top quartile returns for its vintage in Latin America and emerging markets.
Alliar was established in 2011 and is one of the largest players in the medical diagnostics industry in Brazil. The Company is focused primarily on image-based diagnostics and aims to continue its national expansion plan mainly through acquisitions and partnership with prominent doctors.